Shipping Terms

CHARTERING ABBREVIATIONS - TERMS & DEFINITIONS

Plimsoll Shipping Pty. Ltd., of Brisbane Australia, has compiled a list of some of the most frequently used abbreviations and definitions that you may come across. Frequently, parties to a contract are unaware of the different trading practices in their respective countries. This can give rise to costly misunderstandings and disputes. Sending goods from one country to another, as part of a commercial transaction, can be a risky business at the best of times. If the goods are lost, damaged, or if delivery does not take place for some reason, the climate of confidence between all interested parties may degenerate to the point where a lawsuit or arbitration is contemplated. If, when drawing up their contract, the buyer and seller specifically refer to one of the Incoterms or Charter Terms, they can be sure of clearly defining their respective responsibilities simply and safely. In so doing they greatly reduce the possibility of misunderstandings and subsequent disputes. We hope you will find this information both helpful and informative. If you require clarification on any aspect, or have any further questions, please don't hesitate to contact us.

A AA Always Afloat AAAA Always Accessible Always Afloat AARA Amsterdam-Antwerp-Rotterdam Area ABT About ADCOM Address Commission AFSPS Arrival First Sea Pilot Station (Norway) AFFREIGHTMENT The hiring of a ship in whole or part AFT At or towards the stern or rear of a ship AGW All Going Well AHL Australian Hold Ladders ANTHAM Antwerp-Hamburg Range APS Arrival Pilot Station ARAG Amsterdam-Rotterdam--Antwerp-Ghent Range A/S Alongside ATDNSHINC Any Time Day or Night Sundays and Holidays Included ATUTC Actual Times Used to Count B BAF Bunker Adjustment Factor. A Fuel Surcharge expressed as percentage added or subtracted from the freight amount reflecting the movement in the market place price for bunkers. BALLAST Heavy weight, often sea water, necessary for the stability and safety of a ship which is not carying cargo. BAREBOAT CHTR Bareboat Charter - Owners lease a specific ship and control its technical management and commercial operations only. BBB Before Breaking Bulk 1

BDI BENDS BI BIMCO BL (1) BL (2) BM BEAM BOB BOFFER BROB BSS BSS 1/1 BT BUNDLING

BUNKERS BWAD C CBM CBFT (or CFT) CFR (or C&F) CHOPT CHTRS CIF COA

Both Dates Inclusive Both Ends (Load & Discharge Ports) Both Inclusive The Baltic and International Maritime Council Bale (Bill of Lading) A document signed by the carrier which acts as a receipt and evidence of title to the cargo. Beam The maximum breadth of a ship Bunker on Board Best Offer Bunkers Remaining on Board Basis Basis 1 Port to 1 Port Berth Terms This is the assembly of pieces of cargo, secured into one manageable unit. This is a very flexible description, a rule of thumb is to present cargo at a size easily handled by a large (20 tonne) fork lift truck. Name given for vessels Fuel and Diesel Oil supplies (Originates from coal bunkers) Brackish Water Arrival Draft

COACP COB COD COGSA CONS COP CP (or C/P) CPD CPT CQD CROB CRN CST CTR D DAPS

Cubic Meter Cubic Feet Cost and Freight Charterers Option Charterers Cost, Insurance & Freight. Seller pays all these costs to a nominated port or place of discharge. Contract of Affreightment - Owners agree to accept a cost per revenue ton for cargo carried on a specific number of voyages. Contract of Affreightment Charter Party Close of Business Cash On Delivery Carriage of Goods by Sea Act Consumption Custom Of Port Charter Party Charterers Pay Dues Carriage Paid To Customary Quick Despatch Cargo Remaining on Board Crane Centistoke Container Fitted

Days all Purposes (Total days for loading & discharging) 2

DDU DDP DEM DESP DET DHDATSBE DHDWTSBE DISCH DK DLOSP DO DOP DOT DNRSAOCLONL DRAFT

DRK DUNNAGE

DWAT (or DWT)

Delivered Duty unpaid. Delivered Duty Paid. Demurrage Despatch Detention Despatch Half Demurrage on Actual Time Saved Both Ends Despatch Half Demurrage on Working Time Saved Both Ends Discharge Deck Dropping Last Outwards Sea Pilot (Norway) Dropping Off Last Sea Pilot (Norway) Dropping Outward Pilot Department of Transport Discountless and Non-Returnable Ship and/or Cargo Lost or Not Lost Depth to which a ship is immersed in water. The depth varies according to the design of the ship and will be greater or lesser depending not only on the weight of the ship and everything on board, but also on the density of the water in which the ship is lying. Derrick Materials of various types, often timber or matting, placed among the cargo for separation, and hence protection from damage, for ventilation and, in the case of certain cargoes, to provide space in which the forks of a lift truck may be inserted. Deadweight. Weight of cargo, stores and water, i.e. the difference between lightship and loaded displacement.

E EC EIU ELVENT ETA ETC ETD ETS EXW F FAS Free Alongside Ship. Seller delivers goods to appropriate dock or terminal at port of embarkation and buyer covers costs and risks of loading. Free of Despatch Freight Demurrage Deadfreight Free Discharge Forty foot container equivalency unit - Standard 40' Container Fridays/Holidays Excluded Fridays/Holidays Included East Coast Even if Used Electric Ventilation Estimated Time of Arrival Estimated Time of Completion Estimated Time of Departure Estimated Time of Sailing Ex Works

FD FDD FDIS FEU FHEX FHINC

FILO

Free In/Liner Out. Seafreight with which the shipper pays load costs and the carrier pays for discharge Free In/Out. Freight booked FIO includes the seafreight, but no loading/discharging costs, i.e. the charterer pays for cost of loading and discharging cargo. FIOS Free In/Out Stowed. As per FIO, but includes stowage costs. FIOT Free In/Out and Trimmed. As per FIOS but includes trimming - the leveling of bulk cargoes FIOSLSD Free In/Out Stowed, Lashed, Secured and Dunnaged. As per FIO, but includes cost of lashing securing and dunnaging cargo to Masters satisfaction. FIOST Free In/Out and Trimmed. Charterer pays for cost of loading/discharging cargo, including stowage and trimming. FIT Free In Trimmed FIW Free In Wagon FIXING Chartering a Vessel FLT Full Liner Terms - Shipowner pays to load and discharge the cargo FMC Federal Maritime Commission - US government agency FMS Fathoms - 6 feet FO (IFO) Fuel Oil/Intermediate FO FOB Free on Board. Seller sees the goods "over the ship's rail" on to the ship which is arranged and paid for by the buyer FOFFER Firm Offer FOG For Our Guidance FOQ Free On Quay FOR Free On Rail FORCE MAJEURE Clause limiting responsibilities of the charterers, shippers and receivers due to events beyond their control. FOT Free On Truck FOW (1) First Open Water FOW (2) Free On Wharf FREE OUT Free of discharge costs to Owners FWAD Fresh Water Departure Draft FYG For Your Guidance FYI For Your Information G GA GLS GNCN GN (or GR) GO GRD GRT GSB GSP GTEE General Average Gearless Gencon - a standard BIMCO charter party form Grain (capacity) Gas Oil Geared Gross Registered Tonnage Good Safe Berth Good Safe Port Guarantee 4

H 2H HA HDWTS HMS HO HW I IMDG IMO IND INTERMODAL ITF IU IUATUTC IUHATUTC IWL L LANE METER A method of measuring the space capacity of Ro/Ro ships whereby each unit of space (Linear Meter) is represented by an area of deck 1.0 meter in length x 2.0 meters in width. To hold goods in position by use of Ropes, Wires, Chains or Straps etc. Lighter Aboard Ship - a vessel that loads small barges direct from the water Latitude Length Overall of the vessel Last Open Water Lumpsum Lashed Secured Dunnaged Liner Terms Low Water Laycan (Layday Cancelling Date) International Maritime Dangerous Goods Code International Maritime Organisation Indication Carriage of a commodity by different modes of transport, i.e. sea, road, rail and air within a single journey. International Transport Federation - international body that regulates crewing of ships If Used If Used, Actual Time Used To Count If Used, Half Actual Time Used To Count Institute Warranty Limits Second Half Hatch Half Despatch Working Time Saved Heavy Metal Scrap Hold High Water

LASH (1) LASH (2) LAT LOA LOW LS (or LUMPS) LSD LT LW LYCN M MB MDO (DO) MIN/MAX MOLCHOPT MOLOO MT M/V

Merchant Broker Marine Diesel Oil Minimum/Maximum (cargo quantity) More or Less Charterers Option More or Less Owners Option Metric Tonne (i.e. 1,000 kilos / 2204.6lbs) Motor Vessel

N NAABSA NCB NESTING NON-REVERSIBLE Not Always Afloat But Safely Aground National Cargo Bureau Implies that cargo is presented stacked in the contour of similarly shaped cargo, it may be likened to a stack of plates. (Detention). If loading completed sooner than expected, then saved days will not be added to discharge time allowed. Notice of Readiness Net Registered Tonnage New York Produce Exchange

NOR NRT NYPE O OO OSH OWS P PASTUS PC PCGO PCT PDPR PERDIEM PHPD PRATIQUE R RCVR REVERSIBLE ROB RT

Owners Option Open Shelter Deck Owners

Past Us Period of Charter Part Cargo Percent Per Day Pro Rata Per Diem - By the Day Per Hatch Per Day License or permission to use a port

Receivers (Detention) If loading completed sooner than expected at load port, then days saved can be added to discharge operations. Remaining On Board Revenue Tonne (i.e. 1.0 metric Tonne or 1.0 cubic meter, whichever greater). The overall RT is calculated on a line by line basis of the Packing List using the largest amount. The overall freight liability is calculated on the total RT amount, multiplied by the freight rate.

S SATPM SB SD (or SID) SEAFREIGHT Saturday P.M. Safe Berth Single Decker Costs charged for transporting goods over the sea. This does not cover any haulage or loading/discharging costs but the sea transport only. Self Discharging Stowage factor. Cubic space occupied by one ton (2,240 lbs/ 1,000 kgs) of cargo. 6

SELFD SF

SHINC SHEX SKIDS

SL SOC SOF SP SRBL SSHEX (or SATSHEX) SSHINC (or SATSHINC) STABILITY

Sundays/Holidays Included Sundays/Holidays Excluded Are bearers (timber or steel) positioned under cargo to enable fork lift handling at port, and for ease of rigging and lashing on board ship. Bale (capacity) Shipper Owned Container Statement Of Facts Safe Port Signing and Releasing Bill of Lading Saturdays, Sundays, Holidays Excluded Saturdays, Sundays, Holidays Included

STARBOARD STERN SUB SUPERCARGO

SWAD SWDD T TC TEU TTL TW U USC UU UUIUATUTC V VPD W WCCON WIBON WIFPON WIPON WLTOHC (distance) WOG WPD

It is paramount that a vessel is stable in all respects at all times. When cargo is loaded/discharged, the stability is monitored by a computer, which takes into account the weight and position of cargo within the vessel. Subject To Enough Merchandise (Availability of Cargo) The aft part of a ship Subject (to) Person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations. Often called a port captain. Salt Water Arrival Draft Salt Water Departure Draft

Time Charter - Owners agree to hire a particular ship for a set length of time Twenty Foot Equivalency Unit - Standard 20' Container Total Tween Decker

Unless Sooner Commenced Unless Used Unless Used If Used Actual Time Used To Count

Vessel Pays Dues

Whether Customs Cleared Or Not Whether In Berth Or Not Whether In Free Pratique or not Whether In Port Or Not Water Line-To-Hatch Coaming Without Guarantee Weather Permitting Day 7

WWD WRIC WWR WWWW Y YAR

Weather Working Day Wire Rods In Coils When, Where Ready Wibon, Wccon, Wifpon, Wipon

York Antwerp Rules